Blackbird Golf Carts makes custom golf carts that it sells to dealers across the Southeast. The carts are produced in two departments, fabrication and custom finishing. The company uses a job-costing system in which overhead in the fabrication department is allocated to jobs on the basis of machine-hours and overhead in the finishing department is allocated to the jobs based on direct labor-hours. During May, Blackbird Golf Carts actual overhead of $49,500 in the fabrication department and $22,200 in the finishing department. Additional information follows:

Manufacturing overhead rate (fabrication department) $20 per machine-hour

Manufacturing overhead rate (finishing department) $16 per direct labor-hour

Actual machine-hours (fabrication department) for May 2,200 machine-hours

Actual direct labor-hours (finishing department) for May 1,200 direct labor-hours

Work in process inventory, May 31 (unadjusted) $50,000

Finished goods inventory, May 31 (unadjusted) $150,000

Cost of goods sold, May (unadjusted) $300,000

Blackbird prorates under and over-applied monthly to work in process, finished goods, and cost of goods sold based on balance. What is adjusted cost of goods sold ending balance?

The answer should be $305,100